Fluctuations in Capital Investment in the Semiconductor and LCD Industries
First written in FY2016. 11 of 26 entries say "Restated". Latest entry: FY2027-H1.
Rorze moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 13 of 26 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2027-H1Strong semiconductor market and expected demand growthAnnual report
「In the industry, the global semiconductor industry remained strong, and investment in semiconductor manufacturing equipment was active as the data center market grew rapidly. Demand for generative AI and semiconductor-related products is expected to continue expanding.」
The company describes the strength of the semiconductor industry, rapid growth in the data center market, increased investment in semiconductor manufacturing equipment, and the expected continued expansion of demand for generative AI and semiconductors. - FY2026RestatedAnnual report
「Demand for high-performance devices for data centers, driven by the spread of generative AI, is driving investment, and capital investment in advanced logic and memory for AI servers remained solid. In addition, as device structures become more complex and higher performance is required amid technological advances such as miniaturization and greater layer stacking, related capital investment, including in advanced packaging, also became more active.」
Demand for generative AI and data centers, as well as capital investment related to advanced logic, memory and advanced packaging, was described as solid and active, continuing the description of demand recovery through the previous fiscal year. - 2026-04-09WorsenedEarnings
「Turning to global conditions, the crude oil issue arising from the conflict between the United States and Israel and Iran could lead not only to higher costs for energy and petroleum products but also to supply problems, raising concerns about its impact on the procurement environment for parts.」
In addition to existing market volatility risks, the company expressed concern that crude oil and supply problems arising from the conflict in the Middle East could affect the procurement environment for parts. - FY2026-H1Generative AI and data center investment drive growth, while EV growth slowsAnnual report
「The market is being driven by the spread of devices equipped with generative AI functions and investment in data centers, which is accelerating investment in high-performance, low-power semiconductor technologies. Meanwhile, although growth in the electric vehicle (EV) market has slowed more than expected, continued solid growth is expected for the semiconductor market as a whole.」
For the semiconductor market, the statement notes that devices equipped with generative AI and data center investment are driving demand and accelerating investment in high-performance, low-power technologies, while also describing slower growth in the EV market. - FY2025-H1Recovery in semiconductor demand and increased equipment demand from ChinaAnnual report
「In this industry, as semiconductor demand recovered and inventories moved toward normalization, demand for advanced semiconductors related to generative AI became the main driver of the recovery. In addition, efforts to expand semiconductor manufacturing facilities in China intensified to strengthen the country's domestic supply chain, resulting in increased demand for equipment in China.」
The statement indicates a shift from the previously described period of slowing semiconductor demand and postponed capital investment to a recovery in semiconductor demand, normalization of inventories, recovery in generative AI-related demand and increased equipment demand from China. - FY2024-Q3RestatedAnnual report
「In the short term, temporary inventory adjustments and postponements of capital investment by semiconductor manufacturers were observed. However, over the medium to long term, strong growth in the semiconductor market is expected as information and communications technologies such as generative AI, 5G and IoT develop, along with capacity expansions at data centers, and plans to build semiconductor-related plants are progressing in regions around the world.」
While continuing to cite the short-term demand volatility risk of temporary inventory adjustments and postponed capital investment, the statement also notes expectations for medium- to long-term growth in the semiconductor market. - FY2024-Q2RestatedAnnual report
「In the short term, the global slowdown in demand for memory semiconductors led to temporary inventory adjustments and postponements of capital investment by semiconductor manufacturers.」
The statement continues to cite the short-term demand volatility factors of slowing demand for memory semiconductors, temporary inventory adjustments and postponed capital investment. - FY2024-Q1WorsenedAnnual report
「Meanwhile, in the short term, the slowdown in global semiconductor demand for memory semiconductors led semiconductor manufacturers to adjust inventories and defer capital investment.」
In addition to slowing semiconductor demand, inventory adjustments and the postponement of capital investment have been confirmed as actual market trends, making the short-term factors worsening the risk of capital investment volatility more specific. - FY2023WorsenedAnnual report
「Capital investment plans are being reassessed due to the global slowdown in demand for semiconductor memory, while capital investment continues in the logic semiconductor field and in automotive power semiconductors, including those used in electric vehicles (EVs). In the short term, uncertainty remains over sales to Chinese customers due to the impact of tighter export controls on advanced semiconductor manufacturing equipment by various countries.」
In addition to the reassessment of capital investment plans due to slowing memory demand, the statement explicitly notes uncertainty over sales to China resulting from tighter export controls on advanced semiconductor manufacturing equipment. - FY2023-Q3RestatedAnnual report
「However, as semiconductor demand is affected by inventory adjustments and other factors, concern remains over the possibility that capital investment by semiconductor manufacturers will slow, and we will continue to closely monitor demand trends for semiconductor manufacturing equipment.」
The statement continues to recognize the possibility of inventory adjustments in semiconductor demand and slower capital investment, and indicates an essentially unchanged stance from the previous quarter of closely monitoring developments. - FY2023-Q2WorsenedAnnual report
「The industry is expected to continue growing over the medium to long term as electronic equipment becomes more sophisticated through the expansion of information and communications technologies and initiatives toward a decarbonized society. However, semiconductor demand may be affected by inventory adjustments and other factors, potentially slowing capital investment by semiconductor manufacturers, and it will be necessary to closely monitor demand trends for semiconductor manufacturing equipment.」
In addition to the previous expectations for semiconductor demand growth, the statement newly identifies the potential slowdown in demand due to inventory adjustments and other factors, as well as the possibility of slower capital investment by semiconductor manufacturers. - FY2023-Q1Semiconductor demand expansion and growth expectationsAnnual report
「Demand for semiconductors is rising as electronic equipment becomes more sophisticated through the expansion of information and communications technologies and initiatives toward a decarbonized society, and further growth is expected going forward.」
The statement newly identifies the expansion of information and communications technologies and initiatives toward a decarbonized society as drivers of semiconductor demand growth, and anticipates future market growth. - FY2022-Q3WorsenedAnnual report
「Although the industry faces difficulties in securing a stable supply of components, including semiconductors, the market is expanding rapidly as semiconductor demand rises against the backdrop of the transition to a data-driven society resulting from the broader use of information and communications technologies such as IoT and 5G, as well as the development of next-generation technologies such as autonomous driving and AI.」
While indicating that the market is expanding as semiconductor demand increases, the statement explicitly notes shortages of components, including semiconductors, and difficulties in securing a stable supply. - FY2022-Q1WorsenedAnnual report
「While semiconductor demand is expected to grow significantly as remote work and the full-scale adoption of 5G spread, the global semiconductor shortage has become an issue.」
While the statement indicates a sharp increase in semiconductor demand and expectations for capital investment to expand, it explicitly identifies the global semiconductor shortage as a new supply-demand concern. - FY2021RestatedAnnual report
「Although concern remains over the impact of the sluggish global economy and US-China trade friction, capital investment in manufacturing equipment for various processors, memory products and communications devices is expected to expand, supported by equipment demand resulting from the adoption of telework and online classes and the establishment of new lifestyles, as well as the full-scale adoption of next-generation 5G communications and the increasing functionality of automobiles.」
The statement presents both concern over the sluggish global economy and US-China trade friction and expectations for capital investment to expand against the backdrop of telework, 5G and higher automotive functionality. - FY2021-Q3RestatedAnnual report
「Although concern remains over the impact of the sluggish global economy and US-China trade friction, capital investment in manufacturing equipment for various processors, memory products and communications devices is expected to expand, supported by equipment demand resulting from changes in business practices and lifestyles, including the adoption of telework and online classes, as well as the anticipated full-scale adoption of next-generation 5G communications.」
While continuing to express concern over the sluggish global economy and US-China trade friction, the statement also notes expectations for capital investment to expand against the backdrop of changes in lifestyles, including telework, and 5G. - FY2021-Q1RestatedAnnual report
「Although the outlook for this industry remains uncertain, capital investment for memory products is expected to expand, driven by increased demand resulting from changes in lifestyles and business practices, including 5G and corporate capital investment for telework.」
While continuing to recognize the uncertain industry outlook and the potential volatility of capital investment for memory products, the statement expresses expectations for investment growth driven by 5G- and telework-related demand. - FY2020-Q3RestatedAnnual report
「In this industry as well, the impact of falling memory prices continues and the market is undergoing an adjustment phase. Meanwhile, investment in semiconductor-device miniaturization is progressing, and capital investment for memory products is expected to expand again, driven by anticipated growth in demand associated with 5G, the automation of automobiles and the adoption of IoT.」
The impact of falling memory prices and the adjustment phase in capital investment continue. At the same time, the statement also notes expectations for future investment to expand again, driven by miniaturization, 5G, automotive automation and IoT. - FY2020-Q2WorsenedAnnual report
「In this industry, market conditions remained weak as semiconductor manufacturers adopted a cautious stance toward capital investment, partly due to the decline in memory prices.」
In addition to the ongoing adjustment phase in capital investment for memory products, the statement explicitly notes that semiconductor manufacturers have become more cautious about investment due to falling memory prices and that market conditions have weakened. - FY2020-Q1RestatedAnnual report
「In this industry, capital investment for foundries remained firm, while capital investment by memory manufacturers remained in an adjustment phase due to the weakening supply-demand balance since the second half of the previous fiscal year.」
While the adjustment phase in capital investment by memory makers continues, capital investment by foundries is described as remaining solid. - FY2019WorsenedAnnual report
「In the second half, semiconductor manufacturers began reviewing their capital investment plans under the influence of factors including US-China trade friction, and conditions have recently entered an adjustment phase.」
The previous reference to adjustments to capital investment plans was described in more specific terms as being influenced by US-China trade friction and representing an adjustment phase in the second half. - FY2019-Q3New reference to adjustments to semiconductor capital investment plansAnnual report
「Although adjustments to capital investment plans by semiconductor manufacturers were observed in this industry, market conditions remained strong because semiconductor demand for data centers was robust against the backdrop of a sharp increase in global data traffic accompanying the advent of the IoT era.」
In connection with the existing risk of fluctuations in capital investment, the company newly stated that adjustments to capital investment plans by semiconductor manufacturers were being observed. At the same time, it explained that demand for semiconductors for data centers remained strong. - FY2018RestatedAnnual report
「In this industry, active capital investment was made in South Korea, China, Taiwan, and elsewhere in manufacturing equipment required for semiconductor, LCD, and OLED production.」
The company continues to describe a business environment in which performance is affected by capital investment trends in semiconductors, LCDs, and OLEDs. - FY2016First statedAnnual report
「If changes in industry technology trends or the supply-demand balance cause fluctuations in the capital investment plans of device manufacturers or manufacturing equipment manufacturers, the performance and financial position of our group may be affected.」
The risk of demand fluctuations inherent in a business structure linked to customers’ capital investment plans.